Natural Gas Futures Hold Above Zero Line Amid Cooling Demand Forecasts
Natural Gas futures are trading around 263.6, holding just above the Zero Line, 263.10. The price action has shown a significant bullish expansion breakout from the previous consolidation zone.
According to ChartPathik3's analysis, as we enter May, the market is balancing between higher cooling demand forecasts and stable storage levels.
The bullish structure suggests that longs should activate above 259.45 (Long Entry) with sustained acceptance confirmed further by price holding above the 263.10 Zero Line.